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Verisk acquires McKenzie Intelligence Services to boost catastrophe analytics
Verisk, the U.S. data‑analytics and technology firm, has completed the acquisition of McKenzie Intelligence Services (MIS), a London‑based provider of geospatial intelligence and event‑response analytics. The purchase, announced by Verisk’s Catastrophe and Risk Solutions division, adds MIS’s rapid post‑event damage assessment and real‑time intelligence to Verisk’s existing catastrophe models, risk analytics and claims solutions. Financial terms were not disclosed and the deal is not expected to materially affect Verisk’s earnings. According to Rob Newbold, President of Verisk Catastrophe and Risk Solutions, the combined offering will give insurers, reinsurers, brokers and loss adjusters a more complete view of unfolding natural or conflict events, improving decisions on exposure, claims triage and policyholder support. MIS founder Forbes McKenzie said the companies had already partnered on integrating real‑time event data, making the acquisition a natural fit as catastrophes become increasingly disruptive worldwide.
Entities
Forbes McKenzie · McKenzie Intelligence Services · Rob Newbold · Verisk Analytics Inc. · Verisk Catastrophe and Risk Solutions
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Rob Newbold is President of Verisk Catastrophe and Risk Solutions. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com
- [● 3 SOURCES] Verisk acquired McKenzie Intelligence Services. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com
- [● 3 SOURCES] The acquisition was completed by Verisk’s Catastrophe and Risk Solutions business. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com
- [● 2 SOURCES] Financial terms of the transaction were not disclosed. www.insurtechinsights.com · www.insurancejournal.com
- [● 3 SOURCES] Forbes McKenzie is the founder of McKenzie Intelligence Services. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com
- [● 3 SOURCES] McKenzie Intelligence Services is a UK‑based geospatial intelligence and event‑response company. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com
- [● 3 SOURCES] The deal will integrate MIS’s real‑time geospatial intelligence with Verisk’s catastrophe models, risk analytics and claims solutions. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com
- [● 3 SOURCES] The acquisition will strengthen Verisk’s capabilities in strike, riot, civil commotion (SRCC) and political violence risk analytics. iireporter.com · www.insurtechinsights.com · www.insurancejournal.com